NYSE$GRBK

Green Brick Partners Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Green Brick reported record fourth quarter results, highlighted by a significant increase in new home orders and revenue.

Green Brick Partners reported record fourth-quarter results, with significant increases in new home orders, revenue, and earnings per share. The company's backlog also reached a record level, positioning it for continued success in the coming year.

  • Record basic EPS of $0.32 per share, up 23.1%.
  • New home orders increased by 111.5%.
  • Residential units revenue and gross profit reached record highs.
  • Backlog reached a record of $346.8 million.

Headline financials

Total Revenue

$230M

Previous: $185M+24.3%
EPS (adj)

$0.31

Previous: $0.34-8.8%
Net New Home Orders

590

Previous: 279+111.5%
Active Selling Communities

90

Previous: 76+18.4%
Backlog Value

$347M

Previous: $264M+31.2%
Capital Expenditures

$731K

Previous: $1.44M-49.4%
Free Cash Flow

-$1.56M

Previous: -$2.6M+40.1%
Net Income

$15.9M

Previous: $13.4M+19.2%
Gross Profit

$48.7M

Previous: $37M+31.7%
Cash & Equivalents

$33.3M

Previous: $41.8M-20.3%
Total Assets

$876M

Previous: $784M+11.7%
Stock-Based Comp

$2.19M

Previous: $1.77M+23.5%

Revenue & EPS history

Green Brick · Revenue · Quarterly

$230M

Q4 2019+24.3%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Green Brick · $230M total across 2 segments · Q4 2019

  • Residential Units
    $223M+29.8%
  • Land and Lots
    $6.85M-47.8%

Forward guidance

Green Brick Partners anticipates continued success, driven by a strong foundation and conservative financial leverage.

Tailwinds

  • Largest backlog to date
  • Strong foundation of excellence
  • Conservative financial leverage
  • Enthusiasm and optimism for the future
  • Primed for continued success

Headwinds

  • Adverse impacts from general economic conditions
  • Seasonality and cyclicality in the homebuilding industry
  • Competition in the homebuilding industry
  • Shortages of labor or raw materials
  • Inability to acquire land for reasonable prices

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.7%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+3.9%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+47.8%

Q3 2010

Best reaction

-26.5%

Q1 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+4.0%-3.5%-16.8%
Q3 2025+2.8%-1.6%+5.4%
Q1 2025+3.1%+1.9%+0.2%
Q4 2024+5.8%+2.4%-0.2%
Q3 2024-8.6%-7.1%-5.3%
Q2 2024-2.5%-7.4%+5.4%
Q1 2024+1.7%+4.2%+0.9%
Q4 2023-4.3%-9.4%+5.5%
Q3 2023+8.4%+17.3%+24.0%
Q2 2023-9.2%-6.8%-10.8%
Q1 2023+24.6%+36.3%+39.2%
Q4 2022+3.7%+9.7%+13.3%
Q3 2022-11.3%-14.0%+4.0%
Q2 2022+13.7%+8.2%-9.0%
Q1 2022+12.0%+6.7%+20.5%
Q4 2021+3.1%-1.8%-14.8%
Q3 2021-6.5%-2.6%+2.4%
Q2 2021-3.9%-0.9%-1.0%
Q1 2021-11.3%-6.4%-17.0%
Q4 2020+0.3%+8.0%+25.6%
Q3 2020+3.0%+13.7%+29.7%
Q2 2020+6.3%+3.2%+5.2%
Q1 2020+2.1%+3.8%+26.3%
Q4 2019-2.3%-9.6%-39.8%
Q3 2019+4.1%+13.5%+16.6%
Q2 2019+5.5%+4.5%+1.7%
Q1 2019+1.6%+2.6%-2.6%
Q4 2018-3.1%-2.8%+1.4%
Q3 2018-2.0%-7.2%-15.7%
Q2 2018+5.9%+11.2%+7.4%
Q1 2018+2.4%+5.7%+14.4%
Q4 2017-0.9%-3.8%+0.9%
Q3 2017-0.5%+2.8%+1.8%
Q2 2017-6.7%-11.1%-18.2%
Q1 2017+0.5%+6.4%+4.7%
Q4 2016+1.6%+4.9%+9.9%
Q3 2016+4.5%+10.3%+25.2%
Q2 2016+3.9%+3.3%+8.8%
Q1 2016-1.1%
Q4 2015+16.2%
Q3 2015-4.2%
Q2 2015+6.2%
Q1 2015+0.5%
Q4 2014+5.0%
Q3 2014+2.8%
Q2 2014+4.3%
Q1 2014-14.3%
Q4 2013-10.8%
Q3 2013+6.2%
Q2 2013-12.0%
Q1 2013-2.7%
Q4 2012-1.4%
Q3 2012-12.3%
Q2 2012-8.4%
Q1 2012-26.5%
Q1 2011-26.5%
Q4 2011+6.9%
Q3 2011+47.8%
Q3 2010+47.8%
Q2 2011-5.3%
Q4 2010-6.0%
Q2 2010-5.9%
Q1 2010-15.4%

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